Granite Peak Ski Team Inc
- Assets
- $120.6k
- Revenue
- $177.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wausau, WI
- Founding
- 08/1988
- Data as of
- 03/2022
- EIN
- 39-1592374
Organization Overview
Granite Peak Ski Team Inc is located in Wausau, WI. The organization was established in 1988. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granite Peak Ski Team Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Granite Peak Ski Team Inc generated $177.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $141.1k during the year ending 03/2022. While expenses have increased by 15.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAM SERVICES (BANK FEES, LIABILITY INSURANCE, SUBSCRIPTIONS, SKI LEAGUE ENTRY FEES, ADVERTISING) BENEFITTING YOUTH AND ADULT MEMBERS.
COACHING SERVICES (PROVIDED BY INDEPENDENT CONTRACTORS)TO BENEFIT YOUTH AND ADULT RACERS.
RACING EQUIPMENT, SUPPLIES AND FACILITY RENTAL BENEFITTING YOUTH AND ADULT RACERS
DEPRECIATION EXPENSE FOR RACE EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bautsch Vice Preside | Officer | 5 | $0 |
Kathryn Gannon Treasurer | Officer | 5 | $0 |
Travis Marti Secretary | Officer | 5 | $0 |
Joel Hynes President | Officer | 5 | $0 |
Brent Brandenburg Member At La | Officer | 5 | $0 |
Ann Wittwer Member At La | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,056 |
| Total Program Service Revenue | $112,545 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,676 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,871 |
| Advertising and promotion | $0 |
| Office expenses | $3,814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,265 |
| Travel | $2,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,401 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,073 |
| Insurance | $6,087 |
| All other expenses | $5,453 |
| Total functional expenses | $141,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,801 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,555 |
| Accounts payable and accrued expenses | $4,986 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,986 |
| Net assets without donor restrictions | $115,569 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $120,555 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Granite Peak Ski Team Inc has recieved totaling $8,032.
| Awarding Organization | Amount |
|---|---|
B A And Esther Greenheck Foundation Wausau, WI PURPOSE: CONTINUED DEVELOPMENT SELF SUSTAINING RACE VENUE - SAFETY EQUIPMENT | $6,000 |
Rice Family Foundation Bainbridge Island, WA PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amateur Hockey Assoc Illinois Inc Elk Grove Village, IL | $1,304,353 | $3,600,631 |
Sabre Hockey Association Naperville, IL | $660,750 | $2,725,908 |
Chicago Mission Aaa Hockey Club Chicago, IL | $91,949 | $3,146,762 |
Team Illinois Hockey Club Barrington, IL | $1,289,943 | $2,565,201 |
Chicago Young Americans Amateur Hockey Association Frankfort, IL | $180,153 | $2,181,260 |
Michigan Snowmobile & Orv Association Wyoming, MI | $1,270,885 | $2,669,525 |
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
Hawks Hockey Club Nfp Darien, IL | $1,224,811 | $2,991,552 |
Falcons Hockey Association Highland Park, IL | $144,665 | $2,611,835 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Detroit Skating Club Inc Bloomfield Hills, MI | $5,849,869 | $2,229,061 |